FINNAIR: Fakeout IdeaIf you believe Tuesday's move to the downside to be a fakeout, one potential play could be as shown on the chart. Target would be range highs. Personally would not consider trading this move.
A403WV trade ideas
Finnair: Heading for new lows?Price has failed to break above the descending trend line and currently struggling to hold the support area.
Finnair: Pennant pattern on 1h chartFinnair has broken the 4h TL and 1h pennant pattern. For this reason I'm short term bullish. In case we break the most recent support zone, the pennant pattern has failed.
FIA1S December OutlookLooking out for the regression and RSI trend. Expecting pullbacks or reversal from the highlighted zones.
Finnair's support zone holding - BullishHello everyone! Time for free analysis! :)
Finnair has been downtrending for months now and by now we are able to trade the uptrend. In December Finnair was priced at 5.5€ and since then it has been uptrending. Support trendline has been strong and it has not been broken. When touched, it will go back up.
Today Finnair has been declining for 3.5%. Good opportunity to long.
Earlier in the chart I have analyzed Finnair's profit levels. (Unfortunately not in the picture).
The most common price channel on Finnair has been 6.87 to 7.515.
Here is what I suggest:
-Long Finnair.
First profit takeout: 0.236 fibo (6.410)
Second profit takeout: 6.820€
Third profit takeout: 7.15€
At best there is 18% upside.
Dark blue lines = low-point trendlines
Light blue = top-point trendlines
Feel free to leave comment! What do you think about Finnair's future?
